The Albert Baker Fund

Analysis

The Albert Baker Fund is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in June 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Albert Baker Fund reported income of $2.9m and spending of $3.4m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $2.9m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 105%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Albert Baker Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Housing Foundation ($2.9m), Dade Heritage Trust Inc ($2.9m) and Family Resource Associates Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $208k (6.1% of expenses). Other salaries and wages came to $646k. At year end it held assets of $31.5m against liabilities of $180k, net assets of $31.3m. It reported 8 employees.